ISLAMABAD: The exports of sports goods from the country witnessed a decrease of 11.84 per cent during the first quarter (Q1) of the ongoing financial year (FY2020-21) against the exports of the corresponding period of last year.
According to the details, the country exported sports goods worth $66.681 million during July-September (2020-21) against the exports of $75.633m during July-September (2019-20), showing negative growth of 11.84pc, Pakistan Bureau of Statistics (PBS) reported.
During the months under review, the export of footballs decreased by 22.87pc from $42.040m last year to $32.426m during current year while the exports of gloves also declined by 16.02pc from $ 21.954m to $17.681m.
However, the exports of all other sports good witnessed an increase of 32.18pc by going up from $12.539m to $16.574m during the period under review.
Meanwhile, on a year-on-year (YoY) basis, the exports of sports products during September 2020 decreased by 3.75pc to $21.356 million when compared to the exports of $22.187m during September 2019, the PBS data revealed.
During the period under review, the exports of footballs and gloves dipped by 20.04pc and 3.08pc, respectively. However, the export of all other sports products increased by 59.75pc.
On a month-on-month (MoM) basis, exports of sports products increased by 11.51pc in September 2020 when compared to the exports of $19.152m in August 2020.
During the month under review, the exports of footballs and gloves increased by 14.12pc and 5.37pc, respectively, while the export of other sports products of gloves decreased by 13pc, the data revealed.
It is pertinent to mention here that the country’s merchandise trade deficit increased by 2.02pc during the first quarter of the FY21 as compared to the deficit of the corresponding period of FY20.
The deficit during July-September (2020-21) was recorded at $5.804bn as compared to the deficit of $5.689bn, showing an increase of 2.02pc.
During the period under review, the country’s exports registered a negative growth of 0.94pc, by going down from $5.510bn last year to $5.458bn during the current year.
On the other hand, the imports decreased by 0.56pc, from $11.199bn last year to $11.262bn during the current year.